Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
NYDFS Enhances Capabilities to Detect Crypt-related Crime
22/02/2023
The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.
Securities / Derivatives
Beijing Stock Exchange Launches Market Making Business
21/02/2023
13 firms will participate in market making activities for 36 stocks. Two other authorised market makers are still engaged in preparatory work.
Crypto / Digital Assets
FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023
21/02/2023
In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.
Australia Proposes to Enshrine Superannuation Objective in Law
21/02/2023
The Treasury says legislating an objective will provide stability and confidence that policy changes will be aligned with the purpose of the superannuation system.
Big Picture
CPMI Offers Guidance on Extending RTGS Operating Hours
21/02/2023
Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.
Capital / Liquidity
China Tightens Rules for ‘Major’ Money Market Funds
21/02/2023
Money market funds with over CNY 200 billion in net assets or over 50 million investors will have to meet additional regulatory requirements and enhance their ability to resist risks.
Financial Firms Must Keep Better Accounting Records: NZ FMA
21/02/2023
The guidance is designed to help financial service providers address “emerging and persistent issues” in financial reporting, the FMA said.
Australia Proposes Enhanced Protections for SACC Consumers
21/02/2023
The amendments are designed to ensure consumers of SACCs and consumer leases are not left unable to meet their basic needs or other financial commitments.
Fintech / Regtech
Singapore, India Launch Real-time Payments Linkage
21/02/2023
The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.
Enforcement
CBIRC Imposes Fines on Five Banks for Regulatory Violations
21/02/2023
China Construction Bank, Bank of China, Standard Chartered China, China Minsheng Bank and China Bohai Bank were fined a combined CNY 387.9 million.
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